Honeywell International (NASDAQ:HON) Price Target Raised to $265.00

Honeywell International (NASDAQ:HON - Free Report) had its target price hoisted by Barclays from $258.00 to $265.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the conglomerate's stock.

Other equities analysts have also recently issued reports about the company. Royal Bank Of Canada reissued a "sector perform" rating and issued a $226.00 target price on shares of Honeywell International in a report on Wednesday, June 25th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a report on Wednesday, May 7th. Mizuho increased their target price on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. increased their target price on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Honeywell International presently has a consensus rating of "Moderate Buy" and a consensus target price of $250.79.

Honeywell International Stock Performance

Honeywell International stock traded down $1.08 during trading hours on Wednesday, hitting $238.72. The stock had a trading volume of 2,176,954 shares, compared to its average volume of 3,855,384. The company has a 50-day moving average of $224.32 and a two-hundred day moving average of $216.15. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. The company has a market cap of $153.42 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 2.73 and a beta of 1.07. Honeywell International has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.25 EPS. On average, equities research analysts anticipate that Honeywell International will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.89%. Honeywell International's payout ratio is 51.95%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HON. Capital World Investors bought a new position in Honeywell International in the 4th quarter valued at $1,594,216,000. Nuveen LLC bought a new position in Honeywell International in the 1st quarter valued at $1,150,929,000. GAMMA Investing LLC boosted its position in Honeywell International by 20,894.0% in the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after buying an additional 1,320,295 shares during the last quarter. Wellington Management Group LLP boosted its position in Honeywell International by 8.9% in the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate's stock valued at $3,335,476,000 after buying an additional 1,293,137 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in Honeywell International by 64.6% in the 1st quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate's stock valued at $561,634,000 after buying an additional 1,041,273 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.